Y Intercept Hong Kong Ltd Sells 3,260 Shares of Texas Roadhouse, Inc. $TXRH

Y Intercept Hong Kong Ltd lessened its holdings in shares of Texas Roadhouse, Inc. (NASDAQ:TXRH) by 9.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,361 shares of the restaurant operator’s stock after selling 3,260 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Texas Roadhouse were worth $5,014,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. NewEdge Advisors LLC increased its holdings in shares of Texas Roadhouse by 12.0% during the 1st quarter. NewEdge Advisors LLC now owns 2,423 shares of the restaurant operator’s stock worth $404,000 after acquiring an additional 259 shares during the last quarter. Focus Partners Wealth lifted its holdings in Texas Roadhouse by 23.3% during the 1st quarter. Focus Partners Wealth now owns 6,124 shares of the restaurant operator’s stock valued at $1,020,000 after purchasing an additional 1,157 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in Texas Roadhouse by 36.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 419 shares of the restaurant operator’s stock valued at $70,000 after purchasing an additional 111 shares during the last quarter. Sivia Capital Partners LLC bought a new position in Texas Roadhouse during the second quarter worth $657,000. Finally, Marshall Wace LLP bought a new position in Texas Roadhouse during the second quarter worth $1,936,000. Institutional investors own 94.82% of the company’s stock.

Analyst Upgrades and Downgrades

TXRH has been the topic of several research reports. TD Cowen upped their price objective on shares of Texas Roadhouse from $192.00 to $205.00 and gave the company a “buy” rating in a report on Wednesday, May 27th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $200.00 target price on shares of Texas Roadhouse in a research note on Friday, May 8th. BMO Capital Markets upped their price target on shares of Texas Roadhouse from $165.00 to $180.00 and gave the company a “market perform” rating in a research note on Thursday, May 21st. Wall Street Zen upgraded shares of Texas Roadhouse from a “sell” rating to a “hold” rating in a research report on Sunday, May 10th. Finally, Morgan Stanley restated an “overweight” rating and set a $201.00 price objective on shares of Texas Roadhouse in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $196.36.

Insider Activity

In related news, Director Jane Grote Abell sold 339 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $177.43, for a total value of $60,148.77. Following the sale, the director directly owned 2,161 shares of the company’s stock, valued at $383,426.23. This trade represents a 13.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Lloyd Paul Marshall sold 1,000 shares of Texas Roadhouse stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $178.34, for a total value of $178,340.00. Following the completion of the transaction, the insider owned 10,326 shares in the company, valued at approximately $1,841,538.84. This represents a 8.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 5,728 shares of company stock valued at $1,033,847. Corporate insiders own 0.50% of the company’s stock.

Texas Roadhouse Price Performance

Shares of TXRH opened at $194.28 on Friday. The company has a current ratio of 0.46, a quick ratio of 0.40 and a debt-to-equity ratio of 0.03. Texas Roadhouse, Inc. has a 12 month low of $153.82 and a 12 month high of $197.00. The firm’s 50 day moving average is $174.81 and its 200-day moving average is $175.16. The stock has a market capitalization of $12.77 billion, a PE ratio of 31.04, a P/E/G ratio of 2.12 and a beta of 0.78.

Texas Roadhouse (NASDAQ:TXRH) last issued its quarterly earnings results on Thursday, May 7th. The restaurant operator reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.80 by $0.07. The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.64 billion. Texas Roadhouse had a return on equity of 27.86% and a net margin of 6.85%.The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.70 earnings per share. Equities research analysts forecast that Texas Roadhouse, Inc. will post 6.42 EPS for the current year.

Texas Roadhouse Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 2nd were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, June 2nd. Texas Roadhouse’s dividend payout ratio is 47.92%.

Texas Roadhouse Profile

Texas Roadhouse, Inc is a casual dining restaurant chain specializing in hand?cut steaks, fall?off?the?bone ribs, chicken, seafood and house specialties. Each restaurant features a Western?themed décor, open kitchens and a signature line dance presentation of fresh, made?from?scratch sides and breads. The company emphasizes an energetic dining experience, focusing on hospitality, value and a family?friendly environment.

The concept was created in 1993 by founder Kent Taylor, who sought to combine high?quality steaks with an approachable, community?oriented atmosphere.